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The top 3 underwriting outsourcing trends to watch out for in 2017

Tuesday, September 20, 2016 General News J E 4
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Texas (USA) Canada (Toronto) & London (Business Network)— Sept 19th 2016: Underwriting outsourcing is a huge upcoming trend for the mortgage industry in USA. Most mortgage lenders and brokers think outsourcing their underwriting services is one of the low-lying fruits that ensures a great potential for revenue making. Underwriting outsourcing not only reduces the cost of a huge in-house underwriting team but also ensures your end-customers receive round-the-clock support. Suma Soft has been the best Underwriting outsourcing partner for mortgage companies in the USA for 16+ years.We have an 850+ underwriting team that is headed by Mortgage processing experts with minimum 100 man years of experience. Here are the top 3 underwriting outsourcing trends to watch out for in 2017... (1) Maintaining Secrecy Suma Soft’s underwriting process includes keeping the mortgage related information confidential assuring security and recommending any risk involved. It involves reviewing the loan documents after the loan is closed or funded and before being sold to the investor. This helps save any security and data theft chance by 90% (2) 24x7x365 Support Suma Soft has a team trained in end-to-end mortgage processing underwriting closing and risk management with mortgage and loan processing industry-specific knowledge and practical experience of more than 16 years. The team undertakes processing tasks and streamlines your mortgage business. Suma Soft also provides 24*7*365 BPM services to Mortgage companies in USA . (3) Use of WorkForce Management Tools Most Mortgage BPO Providers have started using enhanced workforce management tools to ensure turn-around-time required on completion of each mortgage loan processing is minimal and reduces the cost by 4x. Over the last 16 years we have developed an integrated mortgage underwriting process that ensures collection organization and evaluation of required documents are done before the loan is submitted for underwriting. Suma Soft’s Mortgage underwriting services for USA based clients has proven to be the best outsourcing service provider as we take care of the entire mortgage loan process with industry specific experience of 16+ years for more information check this link..
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